The stock market situation started to return to normal. Many small-cap stocks started to rise abnormally. Because there are no obvious supporting factors and there is bad news to be pressed. But the price has exceeded the ceiling by 30% in a row.
Small caps rebounded significantly. Last Monday, there were three stocks: JKN Global Group Public Company Limited or JKN, which jumped to close at 42 satang, up 10 satang or 31.25%, with a turnover of 64.49 million baht.
JKN shares have been temporarily approved for trading. Between August 16 and September 15, before the stock exchange puts the SP mark, trading of shares will be suspended. Until the business rehabilitation is completed, it is not known how long it will take to restore business? And has the business rehabilitation been successful?
The future of JKN is uncertain. But the stock price has gone through the roof. So it was suspected who came and did what to the stock? Or who came to drag the stock price?
AJ Advance Technology Public Company Limited, or AJA, shares had previously been on a steady decline. It reached 11 satang on August 15. Before it recovered until Monday, there were strong buying to push the price down. It closed at 20 satang, up 5 satang, breaking the ceiling by 33.33% with a turnover of 24.64 million baht.
AJA recently announced that it would cancel the purchase of shares in Sabai Technology Public Company Limited or SABUY worth 700 million baht or buy an additional 700 million shares, and there is no good news to encourage this. While operating results continue to suffer losses
In addition, there is a stock manipulation case involving 40 former executives and partners that is currently being heard in court. The Securities and Exchange Commission (SEC) has filed a lawsuit to pay a fine of 2.3 billion baht, the highest stock manipulation case ever received.
There are no tangible factors driving AJA stock. But the stock price has gone through the roof. I don't know if there is a trader behind the scenes pulling the price sky high or not.
Zika Innovation Public Company Limited, or ZIGA, jumped to close at 1.95 baht, up 41 satang, or 26.62%, on a turnover of 77.25 million baht.
ZIGA stock often releases news that continuously stimulates its price. Recently, there has been a change in the company's management structure. And the announcement of proactive business policies
But the company recently received news about the lack of transparency in its operations, and the SEC is currently investigating this information. Using funds from the subsidiary’s cryptocurrency sales to buy gold and taking the gold and keeping it in the home of a former executive of the company.
The good news about ZIGA is not something tangible. But the investigation is about the transfer of funds from one of the subsidiaries to buy gold and keep it for personal use by a former executive of the company. This could lead to charges against the former executives of the company. And it would be bad news that would even affect the stock price.
So ZIGA is a small stock that is being pulled up strongly. Among the questions is is there someone behind the pull on this stock?
The stock market is recovering this time. It happens with big investors, bookmakers or stockholders. They gradually come back to play a role in driving up their stock prices. Light fireworks to attract moths to follow and speculate.
Former big investor trader or stockholder Heads shrunk in a row. Many people went bankrupt. Was removed from being a major shareholder Changed status to minor shareholder because he lost to support his stock price. Was completely attacked by a trading program or ROBOT TRADE. Shares put up as collateral for a stock purchase limit or margin. Forced to sell until it was all gone.
But after the stock market took control of ROBOT TRADE until I could not move. Individual stocks can not be beaten you can take profits downward as before. Big investor traders and stockholders started to come back and raise their shares.
Retail investors are about to escape the hands of the ROBOT TRADE, but a large investor, trader or stockholder who has started a new frenzy may fall victim to it.
They will flock to speculate on small-cap stocks that are driving them up. Be careful. Because you could go bankrupt even though the stock market is on an uptrend.
